Netflix slides after earnings. Shares were down about 2% early Friday after the streaming giant posted solid fourth-quarter subscriber growth and revenue of $4.19 billion, slightly missing the $4.21 billion that was expected by the Bloomberg consensus.

J.B. Hunt posts mixed results. The trucking company earned $0.81 a share on revenue of $2.32 billion, compared with the $1.21 a share and $2.32 billion that analysts surveyed by Bloomberg were expecting, as its profit was affected by a preannounced pretax charge of $134 million for contingent liabilities related to its ongoing arbitration with BNSF Railway.

Japanese inflation slows. Japanese consumer prices, excluding fresh food, rose 0.7% in December, down from 0.9% the month prior.

US economic data keeps coming. Industrial production and capacity utilization were set to cross the wires at 9:15 a.m. ET, and University of Michigan consumer confidence was due out at 10 a.m. ET. The US 10-year yield was up 1.6 basis points at 2.77%.